Adient sees profit rising post-spinoff from Johnson ControlsSept. 15, 2016
Adient, the automotive seat maker being spun off from Johnson Controls, forecast adjusted profit of as much as $900 million on $17 billion in sales in the fiscal year starting Oct. 1, its first as a standalone company.
First Shift: Why Mobileye split with TeslaSept. 15, 2016
First Shift: Uber-Volvo self-driving projectAug. 18, 2016
Shareholders approve Johnson Controls-Tyco mergerAug. 17, 2016
First Shift: Suitor for FCA's Magneti Marelli?Aug. 3, 2016
Ford's Samardzich named to board of JCI spinoff, AdientAug. 1, 2016
Barb Samardzich, who last month announced plans to retire as COO at Ford of Europe, has been named to the board of Adient, the seating and interiors company being spun off from supplier Johnson Controls Inc.
JCI's auto unit posts record quarterly profit with spinoff approachingJuly 21, 2016
Johnson Controls pays $14.4 million to end SEC bribery probeJuly 12, 2016
Johnson Controls agreed to pay $14.4 million to settle U.S. regulatory charges that its workers bribed Chinese shipbuilders and shipyards, including some owned by the Chinese government, to win business and enrich themselves.
Johnson Controls bets big on stop-start systemsJuly 4, 2016
Joe Walicki is betting $780 million that Tesla's high-tech, electric-vehicle battery gigafactory in Nevada does not represent the future of the auto battery business. That's how much Johnson Controls Inc. Walicki, 51, is spending that amount to expand Johnson Controls Inc.'s its global production of absorbent glass mat (AGM) batteries, an improved lead-acid battery optimized for vehicles with stop-start systems.
JCI bets on beefed-up lead-acid batteriesJune 20, 2016
Johnson Controls will spend $780 million to expand capacity for advanced absorbent glass mat batteries around the world. JCI's battery chief, Joe Walicki, believes the product is powerful enough to support the industry's move into bigger power users, such as stop-start systems.